Energizer Holdings, Inc - ENR STOCK NEWS

Armor All®, a global leader in auto care products, has appointed Jenson Button, the 2009 Formula 1 World Champion, as its first global brand ambassador. This multi-year partnership aims to enhance Armor All®’s marketing efforts globally, particularly in Europe, Latin America, and Asia. Button will participate in international campaigns and share car care tips via social media. Energizer Holdings, the parent company, emphasizes its commitment to expanding brand awareness and distribution for Armor All® products worldwide.

Energizer Holdings (NYSE: ENR) has appointed Don Mulligan as an independent director, effective April 1, 2021. Mulligan, who previously served as CFO of General Mills, brings over 30 years of experience in the consumer products sector. His expertise aligns with Energizer's strategic goals to enhance operational excellence and drive growth. This change comes as Alan Hoskins, the former CEO, retires from the Board, marking a planned transition. The Board will now consist of 11 directors, with 10 being independent.

Energizer Holdings, Inc. (NYSE: ENR) will host a fireside chat featuring CEO Mark LaVigne and CFO Tim Gorman at the 2021 Truist Securities Conference on February 23, 2021, at 10:00 AM ET. The discussion will be available via webcast on Energizer's website in the Investors and Events section. Based in St. Louis, Missouri, Energizer is a major player in the manufacturing and distribution of batteries and automotive care products, with renowned brands like Energizer®, Armor All®, and Rayovac®.

Energizer Holdings, Inc. (ENR) reported strong first fiscal quarter results for 2021 ending December 31, with net sales of $848.6 million, a 15.2% increase from the prior year. Organic sales grew 12.7%, driven by new distribution and elevated demand. Adjusted earnings per share guidance is raised to $3.10 to $3.40. Gross margin slightly decreased to 40.7% due to incremental COVID-19 costs. However, operational efficiencies and refinancing efforts are expected to save $25 million in annual interest expenses. Free cash flow remained strong at $90.2 million.

Energizer Holdings, Inc. (NYSE: ENR) has declared dividends for its common and preferred stock. A quarterly dividend of $0.30 per share on common stock is set for payment on March 11, 2021, with a record date of February 19, 2021. The preferred stock will receive a quarterly dividend of $1.875 per share, payable on April 15, 2021, to shareholders of record as of April 1, 2021. This dividend declaration demonstrates Energizer's commitment to returning value to shareholders.

Energizer Holdings (NYSE: ENR) will report its First Quarter Fiscal 2021 results before market opening on February 8, 2021. An investor conference call will follow at 10 a.m. ET on the same day, hosted by CEO Mark LaVigne and CFO Tim Gorman. Interested parties can access the live webcast through the company's website, with a replay available later. Energizer is a leading manufacturer of batteries and related products, aiming to deliver customer value.

Energizer Holdings (NYSE: ENR) announced that the conditions for the redemption of its 7.750% Senior Notes due 2027, totaling $600 million, have been met. The full redemption will occur on January 8, 2021, at a redemption price of $1,110.964735 per $1,000 principal amount, plus accrued interest of $37.24305555. The total amount payable on the Redemption Date will be $1,148.20779055 per $1,000 principal amount. This move aligns with the company's strategy to manage its debt effectively.

Energizer Holdings (NYSE: ENR) announced a conditional redemption of $600 million in 7.750% Senior Notes due 2027, set for January 8, 2021. This redemption hinges on successfully securing a $650 million senior secured incremental term loan credit facility by December 22, 2020. The redemption price will include the principal, a make-whole premium, and accrued interest. This announcement does not constitute a formal notice of redemption and is subject to specific terms under the indenture governing the Notes.

Energizer Holdings reported strong fourth quarter and fiscal year 2020 results, with net sales reaching $763 million, up 6.1% year-over-year. Full-year sales were $2.74 billion, a 10% increase. However, gross margins declined to 36.9% in Q4, affected by COVID-19 costs and changes in product mix. Net loss for Q4 was $41.7 million compared to a profit of $47 million last year. For fiscal 2021, the company projects 2%-4% sales growth and adjusted EBITDA of $600-$630 million, amid ongoing pandemic-related impacts.